Agency Sr. Underwriter – Affordable

## Agency Sr. Underwriter – Affordable Apply locations:
Dallas, TX:
Cleveland, OH:
1 N Wacker Drive, Suite 2600, Chicago, IL:
1200 Abernathy Rd NE, Atlanta, GA:
11501 Outlook Street Suite 300, Overland Park, KStime type:
Full time posted on:
Posted 3 Days Agotime left to apply:
End Date:
September 30, 2026 (30+ days left to apply) job requisition :
R-41355
*
* Location:

** 8117 Preston Road, Suite 400, Dallas Texas The selected candidate will be responsible for performing comprehensive due diligence and underwriting activities for
** Fannie Mae**,
** Freddie Mac**, and
** Private Placement Affordable multifamily mortgage loans**. This role requires a strong understanding of affordable housing finance programs and a commitment to delivering high-quality, risk-conscious underwriting support.
*
* Please note:

** This is an
** on-site position
** and
** not eligible for remote or virtual work**. The candidate will be required to work from a
** Key Bank office**, with
** preferred locations
** including
** Dallas, TX**,
** Cleveland, OH**,
** Overland Park, KS**,
** Atlanta, GA or Chicago, IL.
**** ESSENTIAL JOB FUNCTIONS
*** Deliver exceptional customer service to internal and external clients by facilitating well-underwritten, risk-conscious real estate transactions that align with the business strategy.
* Foster strong working relationships across teams and with external partners to support transaction success.
* Mentor and motivate team members by modeling professionalism, integrity, and mutual respect.
* Thrive in a dynamic, fast-paced environment while maintaining high performance and adaptability.
* Contribute unique insights, market intelligence, and ideas to support Key Bank’s mission and team goals.
* Communicate effectively—both verbally and in writing—while promoting open, direct, and collaborative dialogue with clients, teammates, and stakeholders.
* Demonstrate initiative and independence in managing responsibilities, driving transactions to successful outcomes with minimal supervision.
* Support cross-functional efforts within the Commercial Mortgage Group (CMG) to help achieve departmental goals.
* Exhibit full proficiency in Agency and Private Placement programs for affordable and market-rate multifamily housing, offering underwriting and programmatic expertise as needed.
* Underwrite affordable housing loans efficiently and in accordance with established policies and procedures to ensure a professional and risk-mitigated process.
* Apply knowledge of LIHTC and bond financing programs to assess transaction viability.
* Maintain strong understanding of lending program requirements and proactively identify and mitigate compliance risks.
* Review third-party reports for programmatic compliance and provide timely, actionable feedback to vendors.
* Conduct property inspections and market analysis for assigned transactions.
* Analyze complex borrower structures and identify key participants.
* Lead underwriting teams for affordable housing transactions, leveraging resources to meet client and team expectations.
* Evaluate documents related to affordable transactions (e.g., LURAs, subordinate debt, PILOT agreements) and summarize findings in written narratives.
* Assess construction budgets for adequacy in forward commitments.
* Manage internal underwriting and deal management systems to ensure data accuracy and completeness.
* Collaborate with origination, closing, and servicing teams to ensure compliance with Agency guidelines.
* Execute assigned duties professionally and escalate issues promptly when necessary.
* Complete all compliance-related tasks for each transaction to minimize risk exposure.
** MARGINAL OR PERIPHERAL FUNCTIONS
*** Collaborate with mortgage bankers and management to support the origination of…